Marketing Deportivo

Main Menu

  • Advertising
  • Business
  • Consultancy
  • Dealership
  • Marketing
  • Industry
  • Management
  • Production
  • News
    • Automotive
    • Education
    • Finance
    • Health
    • Home
    • Tech

logo

  • Advertising
  • Business
  • Consultancy
  • Dealership
  • Marketing
  • Industry
  • Management
  • Production
  • News
    • Automotive
    • Education
    • Finance
    • Health
    • Home
    • Tech
Marketing
Home›Marketing›Lloyds Banking Group Sets Aside Additional £100m for PPI

Lloyds Banking Group Sets Aside Additional £100m for PPI

By Arvel Barry
May 28, 2019
1314
0
Share:

According to the latest reports, Lloyds Banking Group has set aside a further £100m to cover payment protection insurance (PPI) mis-selling as it reported flat quarterly profits. In addition, pre-tax profits for the first three months of the year were £1.6bn, unchanged from the same period a year earlier.

The uncertainty and concerns over Brexit continue, with the bank warning that the unknown could have an even bigger impact on the UK economy. Even so, Lloyds says it has not seen the quality of its assets deteriorate. The Royal Bank of Scotland and Barclays, on the other hand, both blame Brexit uncertainty for falling margins on intensifying competition in the mortgage market and slowing business investment – a very different response than Lloyds.

“While Brexit uncertainty persists, and continued uncertainty could further impact the economy, I remain confident that our unique business model, and in particular our market leading efficiency and targeted investment, will continue to deliver superior performance and returns for our customers and shareholders,” says the group’s chief executive, António Horta-Osório.

UK Regulators Set PPI Deadline

Payment protection insurance (PPI) is insurance that will pay out a sum of money to help you cover your monthly repayments on mortgages, loans, credit/store cards, etc. in the event that you are unable to work. This could be the result of illness, accident, death or unemployment and will be covered on your policy.

A deadline of August 29 has been set by the UK’s financial regulator for the final PPI mis-selling claims to be made. According to reports, more than £34bn has already been paid out in compensation across the industry as a whole. Major banks have also set aside billions more for future claims.

As far back as the 1970s, upwards of 64 million PPI policies were sold in the UK. The intent was that these policies would cover loan payments if borrowers fell ill or lost their job. The fact that many sales were pushed on a huge scale to people who did not need them or could not use them has now created a bit of an obstacle for the industry.

How to Improve Your Customers’ Payment Experience

More than ever before, customers expect fast, seamless and secure payment processing services. They expect a positive overall customer experience that includes multiple payment options. These ever-changing customer expectations and preferences has created a challenge for many merchants, especially small business owners.

The information, industry updates and reviews Best Payment Providers has to offer can help your business choose merchant services that offer your customers’ the very best. Easily compare merchant services and find a provider that is the right fit for your business’ needs.

Author Bio: Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of the industry and ability to compare merchant services has helped thousands of business owners save money and time.

Previous Article

Digital Marketing and SEO Trends In 2019

Next Article

How Web Hosting Impacts your Online Business

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Marketing

    Internet Marketing to create Traffic

    October 17, 2017
    By Arvel Barry
  • Marketing

    Instructions to Define a B2B Marketing Strategy the Team Understands

    April 14, 2019
    By Arvel Barry
  • Marketing

    7 Tips For Better Direct Mail Marketing In 2018!

    March 13, 2018
    By Arvel Barry
  • Marketing

    Producing Leads for Network Marketing – The Marketing Mix

    July 12, 2019
    By Arvel Barry
  • Marketing

    How To Locate The Best Online Marketing Tool

    October 14, 2017
    By Arvel Barry
  • Marketing

    How to Create an Effective Esport Marketing Strategy

    February 10, 2020
    By Arvel Barry

  • Business

    Learn About Paper Manufacturers & Paper Suppliers

  • Business

    Destroying the Myths About Bulk Offset Printing

  • Business

    How To Improve Your CTR From Google Ads Display Campaigns?

Recent Posts

  • How the installation of VTScada has been a great investment in your workplace February 14, 2023
  • Different Types Of Online Casino Games To See In Their หน้าแรก (home page) June 16, 2022
  • Tips to Win at Online Street Ball Mix Parlay game November 27, 2021
  • Comfortable and Functional: The INOSIGN Living Space Sofa November 27, 2021
  • Rigid Boxes: Common Mistakes Designers Make November 20, 2021

2023

  • + February (1)

2022

  • + June (1)

2021

  • + November (4)
  • + October (2)
  • + August (1)
  • + July (1)
  • + June (1)
  • + May (3)
  • + April (13)
  • + March (1)
  • + February (1)

2020

  • + December (9)
  • + November (3)
  • + October (1)
  • + September (4)
  • + August (1)
  • + July (2)
  • + June (1)
  • + April (1)
  • + March (2)
  • + February (3)
  • + January (125)

2019

  • + December (1)
  • + November (1)
  • + October (3)
  • + September (1)
  • + July (5)
  • + June (5)
  • + May (5)
  • + April (3)
  • + March (3)
  • + February (1)
  • + January (5)

2018

  • + December (6)
  • + November (5)
  • + October (7)
  • + September (6)
  • + August (4)
  • + July (10)
  • + June (5)
  • + May (7)
  • + April (2)
  • + March (13)
  • + February (1)

2017

  • + November (11)
  • + October (15)
  • + September (11)
  • + August (3)
  • + July (1)
  • + June (1)

Tags

industrial roofing prices Perth Johnsons Stalbridge sticker printing website design Sydney
  • Guest Post inquiry
© 2023 - Marketing Deportivo. All Rights Reserved.